"Summers wasn't the nominee."

[pnwmom]

206. "He wasn't the nominee" is a statement of fact.

IOW, Summers was not the nominee.

No one was, because Obama had not yet nominated anyone -- even though he could have done so, months ago.

Now, of all the POTENTIAL or POSSIBLE or LIKELY nominees that were publicly discussed, Paul Krugman said that his choice, Yellen -- along with Summers -- was head and shoulders above the rest.

But what does Krugman know, anyway?




http://krugman.blogs.nytimes.com/2013/07/19/the-fed-succession/

Rumors flying all over; supposedly it’s between Janet Yellen, the obvious choice, and Larry Summers, with totally unsubstantiated claims that LS’s star is rising. So I guess that, despite an intense desire to stay out of the whole thing (I know and admire both players), I need to say something — not an endorsement, but some sense of how I and others I talk to see this.

First of all, what do we need in a Fed chair? Above all, a committed dove — someone who will not succumb to the pressure to tighten policy too soon, and almost equally important, someone who will be seen by investors as resistant to this temptation. We’ve just seen how much damage even a hint of Fed hawkishness can do; it’s really critical to not follow the far worse step of making an appointment that gives the wrong signal.

As it happens, both Janet and Larry have good credentials on those grounds, at least in terms of what they’ve said in recent years.

SNIP

So what we have here are two highly qualified candidates, head and shoulders above anyone else I’ve heard mentioned and inconceivably better than the men who might have been in contention if that guy who ran with Paul Ryan had won. But if the final choice isn’t Janet Yellen, I think the president is going to have to offer a very good explanation of why not, or face a lot of grief from people who want to think the best of his administration.